Up to date information regarding Covid and Markets with a focus on the impact of the pending elections and Federal Reserve guidance.

With David L. Bahnsen and Scott Gamm.

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This week we look at …

• The week that was in the market (and get ready for the final week of August ahead)

With our thinking caps on, let’s jump in to the Dividend Cafe!

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The market was up ~50 points today with the S&P and Nasdaq up higher than the Dow on a percentage basis. Markets had been down last night in very late night futures ~200 points, allegedly on Fed comments regarding yield curve control (please). Then markets evened up, allegedly on reports that China trade talks were re-scheduled (please). Then markets dropped a bit after the weekly jobless claims came in worse than expected (maybe). And by the end of the trading day, markets had grinded out an up day, and big tech led the way.

The weekly jobless claims number came in at 1.1 million, far higher than the 960k we got down to last week and the 925k expected this week. Continuing claims, though, declined by another 636,000 though, bringing that number below 15 million.

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The market was down about 65 points today, but the S&P and the Nasdaq were up, and in fact, the S&P closed at a new all-time high today.

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• Market Recap of the week that just was

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